The Federal Reserve’s balance sheet expanded to a record $4 trillion in the week ended December 18th. The Fed balance sheet has expanded thanks to QE  buying $85 billion a month in Treasurys and mortgage related assets since last January. The Fed’s balance sheet has expanded from $891 billion in 2007 without creating inflation. This is […]

The Global Market Watch has been posted for the close of December 20th, 2013. https://www.armstrongeconomics.com/market-watch/

The Dow made new highs and achieved the high closing yesterday and this has set the stage for a rally that could extend into Monday/Tuesday next week. A closing above 1611225 today will signal that some further upside is likely. Keep in mind that we are pressing against key resistance in the 16650 area. The […]

A reader from Puerto Rico writes: “Teachers took over the PR Capitol to demonstrate against the move of the government to reform their pension funds.  Puerto Rico is a preview of whats coming.  Thanks for all your work!!” Indeed, you have to find this story way down in New Zealand. So much of this pension […]

QUESTION: Mr. Armstrong; I believe reading between the lines, you discovered something incredibly important yet everyone looks at you in the wrong way as if this is all some theory you began with in the traditional manner. Things like random walk are theories to justify someone who could not discover anything so they created a […]

The Global Market Watch has been posted for the close of December 19th, 2013. https://www.armstrongeconomics.com/market-watch/

Telephone Conversation December 19th, 2013 – 28 minutes total

The White House task force report on the NSA has shocked many proving that Snowden is indeed a hero and not a traitor. The report has revealed that not even those who supervised the NSA knew what was going on. The Task Force recommends sweeping reforms that Obama really cannot now ignore. The report was released […]

All our sources confirm that Russia pulled out all the stops to get Ukraine on its side besides taking $15 billion of its debt, it cut the cost of gas by 1/3rd. The EU has its head in a cloud and cannot see that its structure is absurd. But to revise it now means a […]

The French refinery workers at Total have staged several days of strikes over annual pay increases, with production units gradually shutting down. Workers led by the CGT union have been on strike since last Friday over annual wage negotiations. Total’s management offered annual pay rises of up to 1.5 percent, which was rejected by the CGT.